Yanlord investors put S$314.5 million 4% convertible notes due 2012

By Devika Patel

Knoxville, Tenn., Feb. 8 - Yanlord Land Group Ltd. announced that some holders of its S$338.25 million in 4% convertible notes due 2012 exercised their put option on Feb. 4.

As a result, the company will buy back S$314.5 million of the notes at par plus S$39,678,075 in interest on Feb. 8.

Following this, there will be S$23.75 million of the notes outstanding.

Hong Kong-based Yanlord is a real estate developer in China focused on high-end fully fitted residential, commercial and integrated property projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.